‘Teeter-totter’ market reflects inventory-price link

As we’ve documented in this space, the housing market in Northern Colorado is currently no playground — especially for buyers. But there is a piece of playground equipment that can help us describe what’s going on: the teeter-totter.

That’s because the more housing inventory goes down, prices are moving up with even greater force. Consider these swings between shrinking supply and rising prices: In the Fort Collins area, inventory was down 20.9 percent between June 2014 and June 2016, while the average price was up 30.2 percent. For the Greeley area, the two-year supply was off 23.6 percent and…